Russian Copper Company has become the owner of the project to develop a major gold-copper-porphyry deposits Malmyzhskoye in Khabarovsk region having purchased the license from IG Copper and Freeport McMoRan Exploration for $200 million. In particular, RCC has bought the operator of the deposits – Amur Minerals, created as a joint venture by IG Copper…Details
ChTPZ has concluded agreements on the cancellation of contracts of ChTPZ and PNTZ share pledge with its bank-creditors – Gazprombank and VTB. At present the group has no pledges on its loan portfolio. “The constant work to improve operation, control of our loan pledges and a constructive approach on behalf of the banks allowed us…Details
In July Metinvest increased its EBITDA by 0.9% MoM, to $233 million.
Revenue dropped by 1.3%, to $1.082 billion.
In 2017 Metinvest EBITDA grew 1.77-fold YoY, to $2.044 billion, while revenue went up by 43.5%, to $8.931 billion. (Ukrainian metal)
The shareholders of Russian titanium giant VSMPO-Avisma have approved paying 756 rubles per share, or 8.7 billion rubles, in dividends for January-June, the company said in a report on October 4. The record date is scheduled for October 12. VSMPO-Avisma paid 762.68 rubles per share in dividends for January-June 2017. State industrial corporation Rostec holds…Details
Prices for gold, silver and platinum decreased, while the palladium prices increased in Azerbaijan on October 4, according to the data published by the Central Bank. The price of gold dropped by 16.065 manats, to 2,033.88 manats per ounce on October 4 compared to the price on October 3. The price of silver fell by…Details
Cherepovets Iron and Steel Works has entered an active phase of the blast furnace No. 3 construction. The foundation for the blast furnace has been laid. “The construction of the blast furnace complex is carried out without shutting down the manufacturing process. The specialists are also assembling conveyers to transport sinter”, Severstal Russian Steel CEO…Details
According to the Russian Railways information, in September cargo transportation totaled 104.5 million tons, up by 0.7% YoY. In January-September transportation grew by 2.7%, to 962.3 million tons. In particular, iron and manganese ore accounted for 86.5 million tons, up by 5% YoY. Ferrous metals transportation increased by 9.9%, to 58.8 million tons, and scrap…Details
The Interdepartmental commission on international trade has started an antidumping investigation on the import of some types of rolled metal with corrosion-resistant coating from Russia and China. According to the commission, the metal could have been supplied at dumping prices, damaging local manufacturers. In particular, in 2015-2017 imports from Russia and China grew by 51%.…Details
Ukrmetallurgprom is asking the government, law enforcers and the Ukrzaliznytsia to take measures to stop supplying Ukrainian scrap to Moldova Iron and Steel Works, situated in the unrecognized republic of Transnistria. “The level of scrap provision to local metal companies in August was 89% and in 8 months – 98%. That’s mostly due to the…Details
Shakta Uskovsksya LLC, representing Evraz, has won an auction to mine coal at the Uskovskiy site in Kemerovo region. The site was auctioned in August. The initial price was 620.3 million rubles. The company has the right to develop the site with the size of 29 square km for 20 years. As of January 1,…Details
NLMK Group, an international steel company, has topped the “People are the most valuable capital” nomination in the annual SAP Value Award for implementing an updated HR management system based on SAP Human Capital Management (SAP HCM) and SAP SuccessFactors cloud solution. The use of advanced technology solutions improved the quality and agility of management…Details
NLMK Group, an international steel company with operations in Russia, the US, and the EU, has topped the “Best Freight Shipper” nomination in the “Russian Railways – 15 Years Together” Award. The Award Ceremony took place in Sochi as part of the “PRO//Motion.1520” International Transport & Logistics Forum that marked the Russian Railways’ 15th anniversary.…Details
SIA JM Properties, a subsidiary of AS Jensen Metal Holding, is constructing a metal works on the territory of the industrial park of Karosta in Liepaja. At the first stage the company plans to construct a building with the size of 11 thousand square meters. The construction is scheduled to be completed in May 2019.…Details
The Commercial Court of Donetsk region has determined 4 amicable agreements between the fund Glori represented by the Investment Capital Ukraine LLC and Donetskstal. According to the agreements, Donetskstal has to clear its debts of 2.08 billion UAH to Glori within one month. The debts arose from loans received by the company in 2011-2012. (Ukrainian…Details
DTEK Esko has carried out two energy-servicing projects at the Central Mining and Processing Works of Metinvest. According to the company statement, the modernization of 19 pumps will allow the works annually saving some 2.3 million kW-h of electricity valued at over 4 million UAH. This is provided for by 10 frequency converters and 7…Details
Chelyabinsk Zinc Works has started constructing an oxygen plant with the capacity of 10 thousand cubic meters per hour. The need to construct the plant originated from 1995, but only after the works entered the Ural Mining and Metallurgical Company could it implement the project. The plant is expected to be commissioned in late 2019.…Details
According to the forecast of the Ministry of economic development, in 2018 Russia will produce 61.5 million tons of rolled metal, up by 0.9% YoY. Exports are expected at the level of 28 million tons, up by 0.3%. Imports will grow by 1.4%, to 5.5 million tons, and local consumption – also by 1.4%, to…Details
Evraz Kachkanarsky Mining and Processing Works has celebrated its 55 anniversary. The company has created a museum on the site where the first mining control room and the first observation desk had been. In 1966 the KGOK started producing sinter, and from 1970 – pellets. In 2015 Evraz KGOK was the first Russian GOK to…Details
European Commission has prolonged the antidumping duties on the import of seamless pipes from Ukraine.
The duty for Dnepropetrovsk Pipe Works is 12.5%, while for Interpipe – 13.8%.
At the same time the Russian pipe manufacturers have been more severely hit.
The duty for them is 24.1% for ChTPZ and 28.7% for TMK. (Ukrainian metal)
On September 10-21 the Ural-region department of Rostechnadzor carried out a scheduled inspection of Karabashmed.
As a result 58 violations of legislation on industrial safety have been found.
The company has been given time to remove the violations. (Ukrainian metal)
The State Committee for Energy, Industry and Subsoil Use changes the conditions for issue of licenses for the use of subsoil. From now on, the state will definitely participate in the projects. On October 3 the prime minister held a meeting on subsoil use and instructed within a week to develop new mechanisms for managing…Details
Prices of gold, silver and platinum increased, while the palladium price decreased in Azerbaijan on October 3, according to the data published by the Central Bank. The price of gold grew by 22.3465 manats, to 2,049.945 manats per ounce on October 3 compared to the price on October 2. The price of silver went up…Details
A new mining and processing works will be constructed in Kyzylorda region. The corresponding documents have been signed during the investment forum in London. The guarantee agreement was signed by Samruk Kazyna fund chairman Akhmetzhan Yesimov and sir Suma Chakrabarti of EBRD, while the construction agreement – by Tau-Ken Samruk national company chairman Kanat Kudaibergen…Details
Mariupol Ilyich Iron and Steel Works and Azovstal of Metinvest Group have been increasing their expenses on environmental projects for several years. In 2018 the green investments have grown 5.6-fold, to UAH 600 million. Financing increases progressively as the group switches from designing to constructing gas treatment facilities. In particular, investments in construction, upgrade and…Details